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Earnings per Common Share (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings per Common Share Diluted earnings per common share include the dilutive effect, if any, of additional potential common shares issuable under the Company’s equity incentive plan, computed using the treasury stock method.  The Company had no dilutive securities for the three- and nine-months ended September 30, 2022 and 2021.

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

11,112

 

 

$

9,642

 

 

$

27,279

 

 

$

29,564

 

Less allocation of earnings and dividends to

   participating securities

 

 

52

 

 

 

46

 

 

 

123

 

 

 

122

 

Net income available to common

   shareholders—basic

 

$

11,060

 

 

$

9,596

 

 

$

27,156

 

 

$

29,442

 

Weighted average common shares outstanding

 

 

15,394,898

 

 

 

15,168,233

 

 

 

14,974,862

 

 

 

15,543,488

 

Less average participating securities

 

 

71,604

 

 

 

72,071

 

 

 

67,323

 

 

 

64,064

 

Weighted average number of shares

   outstanding used in the calculation of basic

   earnings per common share

 

 

15,323,294

 

 

 

15,096,162

 

 

 

14,907,539

 

 

 

15,479,424

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.72

 

 

$

0.64

 

 

$

1.82

 

 

$

1.90

 

Diluted

 

 

0.72

 

 

 

0.64

 

 

 

1.82

 

 

 

1.90